Thursday, October 29, 2020
Tags Digital currency

Tag: Digital currency

Use of Bitcoin as Money “Disastrous”: PBOC Digital Currency Research Chief

The head of the People's Bank of China's digital currency research department has deplored the use of virtual currencies such as Bitcoin as a...

People’s Bank of China Denies Issuing Digital Currency

The Chinese central bank has denied issuing any form of digital fiat currency following reports that fraudsters are using its name to engage in...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...